As Amazon plans to build its new headquarters in Long Island City, New York, some residents are concerned about the possible negative effects on the community. According to a report by CNBC, the average rent in Long Island City has already increased by 10% since Amazon announced its plans to move there. Additionally, some small businesses are worried that they will be unable to compete with Amazon’s own businesses. However, others believe that Amazon will bring new jobs and economic growth to the area. sources amazon alabamapalmercnbc
According to Amazon, Alabama is one of the top five states in the country for business. CNBC’s “Power Lunch” team recently visited the state to see what makes it so attractive to businesses. sources amazon alabamapalmercnbc
During their visit, they spoke with Governor Kay Ivey, who said that the state’s pro-business attitude is one of the main reasons why companies like Amazon are drawn to Alabama. She also pointed to the state’s skilled workforce and competitive tax incentives as other key factors.
According to sources Amazon, Alabama, Palmer and CNBC, online retail giant Amazon is planning to build a new distribution center in the state of Alabama. The new center is expected to create over 1,500 new jobs for the area. Amazon has been increasingly expanding its distribution network in recent years in order to keep up with growing customer demand. The company currently has over 100 such centers across the United States.